Market Stream
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NBA Global Annual Revenue:
$10.6 billion
Software Industry Global Annual Revenue:
$968.3 billion
How inverted the public consciousness vs size is for pro sports always blows my mind.
$FCX
One of my favorites
80% of S&P 500 $SPX stocks are now trading above their 200D moving average, closing in on the highest level since September 2021
The key to being a perma-bear is to always be vague and never give a date. Also, always give the chances of something happening at 40%. That's high enough to sound scary but it gives you an out if you're wrong.
'The top 1% have $20T invested in equities vs the roughly $400B owned by the entire bottom half. Rising asset values make wealthier households feel comfortable spending, splurging and even speculating. That effect gets missed down the income ladder.'
Imho, the most interesting thing you’ll read today…
The EXACT same people who assured you the mRNA injections would be voluntary (and were "safe and effective"), are now assuring you digital ID will be voluntary, and won't be used for any sinister purposes by the government.
They are lying to you again.
Haha 😂 OMG she’s not happy
The $VIX is officially "cheap" for the first time in the Pandemic-era.
VIX is mode-reverting, not mea-reverting
Historic mode is ~12.5
Historic mean is ~19
Today was 1st close below 12 since 2019, cheap
$SPX $SPY $QQQ $UVXY
Inflation adjusted returns of the S&P 500 vs. Real Estate and Gold over the last century
Van Gogh's paintings can come to life thanks to AI.
RIEDER: “I’m not certain that raising interest rates actually brings down inflation. .. In fact, I would lay out an argument that actually if you cut interest rates, you bring down inflation.”
@business #FOMC $BLK @RickRieder
...https://www.bloomberg.com/news/articles/2024-05-17/blackrock-s-rieder-says-us-rate-cuts-not-hikes-needed-to-tame-inflation
The S&P 500 is now 22% higher than where it was when the Fed started hiking rates in March 2022. $SPX
https://bilello.blog/newsletter
BREAKING.🚨🚨
CONFIRMED: The U.S. government funded "GAIN-OF-FUNCTION" research at the Wuhan laboratory that launched the global Covid pandemic.
"Did NIH fund gain-of-function research at the Wuhan Institute of Virology through EcoHealth?"
“If you're speaking ...about the generic
Out of all the parts on CPI yesterday, I think this is the most meaningful.
We know that OER/Rents make up 43% of core CPI and are a big reason for the sticky prices.
Rent prices are starting to crack (just like the private data has been saying), which should mean ...OER is next.
I’m watching the 2024 Metals Investor Forum on YouTube.
There are SO MANY empty seats at these presentations.
Meanwhile, gold, silver and copper are making new all-time highs.
Absolutely wild.
#gold #silver #copper
I always wondered who was really behind those anti-Israel protests. I could not believe they were 100% homegrown and organic. Now we know that the CCP has been involved…